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27 Jun

Gold prices fall: Futures prices decline by Rs 1,075

Business CorrespondentBusiness, News

New Delhi, Gold prices fell by Rs 1,075 to Rs 96,012 per 10 grams in futures trade on Friday amid weak spot demand. Gold contracts for August delivery on the Multi Commodity Exchange fell by Rs 1,075, or 1.11 percent, to Rs 96,012 per 10 grams in a business turnover of 14,412 lots. Analysts attributed the fall in gold prices to weak global cues. In international markets, gold futures in New York fell 1.25 percent to $3,306.10 an ounce.

26 Jun

Aluminium futures prices increase marginally

Business CorrespondentBusiness, News

New Delhi, June 25: Aluminium prices on Wednesday rose marginally by 5 paise to Rs 247.55 per kg in futures trade as speculators created fresh positions amid positive trend in the spot market. Aluminium contracts for July delivery rose by 5 paise, or 0.02 per cent, to Rs 247.55 per kg on the Multi Commodity Exchange in a business turnover of 3,691 lots. Analysts said fresh positions created by traders amid demand from consumer industries supported aluminium prices in the futures market.

24 Jun

Aluminium futures prices downturn on weak demand

Business CorrespondentBusiness, News

New Delhi, June 24: Aluminium prices fell by Rs 2.75 to Rs 247.70 per kg in futures trade on Tuesday as participants cut their positions following a weak trend in the spot market. Aluminium contracts for July delivery fell by Rs 2.75, or 1.1 percent, to Rs 247.70 per kg on the Multi Commodity Exchange in a business turnover of 3,574 lots. Analysts said aluminium prices fell mainly due to participants cutting their positions due to sluggish demand from consumer industries.

23 Jun

Silver futures prices increase as bets rise

Business CorrespondentBusiness, News

New Delhi, June 23: Silver prices rose by Rs 270 to Rs 1,06,494 per kg in futures trade on Monday as participants raised their bets. The price of silver contracts for July delivery on the Multi Commodity Exchange rose by Rs 270, or 0.25 percent, to Rs 1,06,494 per kg in a business turnover of 12,571 lots. Analysts said fresh deals by participants led to a rise in silver prices. Globally, silver was trading 0.27 percent higher at $36.18 an ounce in New York.

21 Jun

HDFC Bank share price rose, HDFC Financial Services announces IPO date and price band

Business CorrespondentBusiness, News

HDFC Bank share price: Shares of HDFC Bank Ltd surged on Friday, June 20, after its subsidiary HDB Financial Services announced that its initial public offering will be open for subscription from June 25 to June 27. HDFC Bank holds a 94.36% stake in HDB Financial Services. The initial share sale has reserved a portion for eligible HDFC Bank shareholders. HDFC Bank share price The stock rose 1.31% to ₹1,960.6 per share at 2:12 pm on the National Stock Exchange. The company has a market capitalisation of ₹15,03,371.15 crore. HDB Financial Services Ltd on Thursday filed its red herring prospectus…

20 Jun

Gold prices rose: Futures prices rise by Rs 754

Business CorrespondentBusiness, News

New Delhi, June 20 Gold prices rose by Rs 754 to Rs 98,575 per 10 grams in futures trade on Friday as speculators created fresh deals amid strong spot demand. On the Multi Commodity Exchange, gold contracts for August delivery rose by Rs 754, or 0.76 percent, to Rs 98,575 per 10 grams in a business turnover of 14,251 lots. Analysts said fresh deals by participants led to the rise in gold prices. Globally, gold futures in New York fell 0.72 percent to $3,346.58 an ounce.

19 Jun

Gold price downfalls by Rs 150, silver falls by Rs 1000

Business CorrespondentBusiness, News

New Delhi, Jun 19 Gold prices in the national capital on Thursday fell by Rs 150 to Rs 1,00,560 per 10 gram amid a fall in the prices of precious metals in the international markets, according to the All India Sarafa Association. The precious metal of 99.9 percent purity had closed at Rs 1,00,710 per 10 gram in the previous market session. Gold of 99.5 percent purity on Thursday fell by Rs 150 to Rs 99,800 per 10 gram (inclusive of all taxes). On Wednesday, the yellow metal had closed at Rs 99,950 per 10 gram. Silver also retreated from…

18 Jun

Zinc futures prices upgrade on high demand

Business CorrespondentBusiness, News

New Delhi, June 18: Zinc prices rose by Rs 1.10 to Rs 253.60 per kg in futures trade on Wednesday on strong spot demand. The price of zinc contract for July delivery on the Multi Commodity Exchange rose by Rs 1.10 or 0.44 per cent to Rs 253.60 per kg in a business turnover of 1,790 lots. Zinc prices rose in futures trade as participants increased their deal sizes following a pick-up in demand from consuming industries, market sources said.

17 Jun

Aluminium futures prices decay on weak demand

Business CorrespondentBusiness, News

New Delhi, June 17: Aluminium prices fell by 95 paise to Rs 242.35 per kg in futures trade on Monday as participants cut their positions following a weak trend in the spot market. Aluminium contracts for July delivery fell by 95 paise, or 0.39 percent, to Rs 242.35 per kg on the Multi Commodity Exchange in a business of 1,538 lots. Analysts said aluminium prices fell mainly due to participants cutting their positions due to sluggish demand from consumer industries.

16 Jun

Copper futures prices upturn on increased spot demand

Business CorrespondentBusiness, News

New Delhi, June 16 Copper futures prices rose 0.06 percent to Rs 881.10 per kg on Monday due to increased spot demand. The price of copper contracts for July delivery on the Multi Commodity Exchange rose 55 paise or 0.06 percent to Rs 881.10 per kg in a business turnover of 2,904 lots. Analysts attributed the rise in copper prices to higher bets by participants.